Saturday, 18 May 2024
2 profit-making entities too, to be restructured!

2 profit-making entities too, to be restructured! Featured

Two profit-making institutions are among the state entities that are to be restructured, ostensibly for making losses, reports say.

They are Lanka Mineral Sands Ltd. and Paranthan Chemicals Company.

Secretary to the prime minister Saman Ekanayake has informed the secretary to the ministry of industries and commerce about the decision.

The decision was taken at the cabinet committee on economic management at its meeting on August 10.

Paranthan Chemicals earns profits by supplying chlorine to the National Water Board for water purification.

Lanka Mineral Sands too, maintains an account balance of more than Rs. 500 million, reports add.

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